Some Economists Argue That the Productivity Slowdown from Mid-1970s to Mid-1990s

question 192

Multiple Choice

Some economists argue that the productivity slowdown from mid-1970s to mid-1990s actually didn't happen,but just "appeared" to happen because

• A)exports were becoming a less important part of the economy,and it was hard to measure decreases in output from exports.
• B)new environmental laws had passed and forced firms to spend to reduce pollution,and this spending did not raise output.
• C)increased spending on health and safety raised worker productivity.
• D)of the high inflation levels of the 1970s.

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Definitions:

Middle Ages

A historical period in Europe spanning approximately from the 5th to the late 15th century, marked by feudalism, the rise of Christian monasticism, and the lack of central government.

Devastating Toll

A severe negative impact or consequence, often referring to loss of life, extensive damage, or significant hardship.

Cause

A factor or situation that brings about an effect or a change, or the reason something happens.

Plague

A deadly infectious disease caused by the bacterium Yersinia pestis, historically resulting in widespread epidemics and significant mortality, such as during the Black Death.